Technology Company
I would certainly recommend VR and would use them again if I had the need. They kept their promises, worked hard and sold my business to a buyer from across the country. Choosing VR was one of the best decisions I ever made with my business.
Sign Code
Mohan and Troy at VR were great to work with. The entire process was great. They really know their business.
eSupplyStore.com
Troy - thank you for all your hard work with eSupplyStore. I know we found the right buyer at the right price. I don't see how the process could have gone any smoother.
Learning Center
VR did an excellent job of selling my franchise. This is actually the second time that I have used their services and I have been impressed both times.
Health Gazette
I owned the Health Gazette for over 30 years and it was important for me to find the right buyer. VR gave us a fair market value for the business and sold it for exactly that amount. I could not have been more pleased.
VR really took the time to understand my needs. I think their expertise was a big reason the transaction happened.
Publishing Company
VR stood out from the competition. They were the best fit when it came to selling my business.
Retail Bookstore
I was extremely impressed with VR. They approached the sale of my business with a very professional system. I knew my business wasn't large, but I still got a high level of service. I would certainly recommend VR to anyone thinking about selling their business.
Diamond Design
I hired VR to sell me construction company. They worked hard through the whole process and found the right buyer. They did a great job and I would use them again.
Sylvan
I wanted to send a note and thank you for all your hard work. This has been a great experience and I really enjoyed working with VR.
Pure Air Systems
I tried other brokers in town and they just put some ad in the newspapaer and it didn't result in much.
Carrell Welding
VR did a very good job for us. They set the price for my business, found the buyer, and worked through all the details.
Commercial Business Systems
I first used another brokerage company to try and sell my business, but it did not work. VR was totally different, very professional and they sold my business for almost full asking price.
TheEasyForms.com
VR exceeded my expectations in selling my online business. I got the full asking price of the business. We got several offers within the first couple of weeks. The entire process took less than 6 weeks from start to finish.
Information Needed to Value a Business and Take it to Market
We need the following information to 1) estimate the value of your business and 2) develop comprehensive selling memoranda on your business and persuasively communicate the opportunity to prospective buyers.
For Valuation – Financial Records
- Tax Returns
If Corporation, Partnership, or LLC: Corporate (form 1120) or Partnership (form 1065) Federal Tax Returns (state not needed) for latest 3 years, 5 years ideally. All pages are needed.
If Sole Proprietor, Schedule C only of form 1040, last 3 years, 5 ideally
QuickBooks or similar income statement (“P&L”) for current year to date, if more than two months into a new year, and for any prior years for which tax return was not available
Most recent available balance sheet
If accounts receivable (A/R) are more than $20,000, provide an A/R aging report ($ amount of A/R billed within 30 days, 31-60 days, 61-90 days, etc.)
For Valuation - Other Information
An estimate of the fair market value of furniture, fixtures and equipment owned by the business
For location dependent businesses (esp. retailers and restaurants), copies of all facilities leases
- In addition to the above “objective” factors, we will interview you at length (30-90 minutes or more) to understand the numerous qualitative factors that will affect value, such as history, products and services, customers, management team, growth opportunities, lifestyle benefits, “discretionary expenses” on the business’s books to reduce taxes, etc.
The above information is needed for a rough estimate of value. We may need additional information depending on your circumstances. If after reviewing the valuation, the client decides to take the business to market, the following additional information is needed.
Other Information Needed to Take the Business to Market
Detailed list of furniture, fixtures, and equipment owned or leased by the business (major items only; for each: item/ model, approximate year purchased, quantity owned, estimated fair market value of each item, or book or replacement value if fair market value unavailable). Note that we have a separate form for this (“FF&E list”)
Important agreements and contracts (e.g., franchise or licensing agreements; sample agreements if customers under contracts; agreements with critical vendors or suppliers; etc.)
For corporations, Articles of Incorporation; for LLCs, Operating Agreement; If Partnership, Partnership Agreement
Printed advertising and marketing brochures, product/ service descriptions, price lists, etc.
Digital photographs of your facility(ies) and, if appropriate, products, sample completed projects, customers enjoying your service, etc. Please email if possible or bring to us on a digital camera (or we can take ourselves during a site visit at the appropriate time).
VR Documents
Representation agreement
An extremely detailed questionnaire about the business (this can take a few hours depending on size and complexity of business)
Seller’s discretionary earnings estimator
Seller’s disclosure statement
